Double whammy: IIP shrinks, retail inflation at near 6-year peak

By: |
February 13, 2020 6:30 AM

Industrial output shrank 0.3% year-on-year in December 2019, reversing a modest rise in November and recording its fourth contraction in five months, while retail inflation spiked to a near six-year high of 7.59% in January.

This dashes hopes for an early industrial recovery and also complicates the task of the RBI in balancing the growth-inflation dynamics.This dashes hopes for an early industrial recovery and also complicates the task of the RBI in balancing the growth-inflation dynamics.

Industrial output shrank 0.3% year-on-year in December 2019, reversing a modest rise in November and recording its fourth contraction in five months, while retail inflation spiked to a near six-year high of 7.59% in January.

This dashes hopes for an early industrial recovery and also complicates the task of the RBI in balancing the growth-inflation dynamics.

Do you know What is FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Inflation will moderate, to be below 6% in July: Chief Economic Advisor KV Subramanian
2Rajya Sabha clears Bill: Factoring law to draw 9,000 NBFCs, boost MSME cash flow, says FM Nirmala Sitharaman
3Inflation will moderate, expect it to be below 6% in July: CEA KV Subramanian